Connect with us

Phuket

Phuket pawnshops busy in April

Legacy Phuket Gazette

Published

 on 

PHUKET: Government-run pawnshops on the island did a roaring trade last month in the run-up to the new school term that began in mid-May.

More than 10,000 people pawned goods valued at over 200 million baht at the island’s three government-licensed pawnshops in April.

The Phuket City Municipality Pawnshop currently has 247 million baht out on loan, while the Patong Municipality Pawnshop has over 100 million baht and the Cherng Talay Pawnshop has over 50 million baht.

The only other licensed pawnshop on the island is a privately-owned enterprise on Thalang Road in Phuket Town.

Apiwat Chaiyakul, manager of the Phuket City Pawnshop on Kamorapat Road, said the ailing economy forced more people than ever to use the service.

Our economy is very bad this low season…. Normally a few thousand people take about 100 million baht each month. This year the figures are very high compared to the last low season,” he said.

Most of the assets that people bring to the pawnshops are gold items. We pay them 14,000 baht per bahtweight of gold. The remainder are mostly electronic appliances,” Mr Apiwat said.

Municipal pawnshops charge lower interest rates than the private pawnshops or gold shops, he said.

On a loan of 5,000 baht, interest is 0.75% per month. From 5,000 baht to 30,000 baht, it’s 1%, while on loans of 30,000 baht to 100,000 baht are priced at 1.2% per month.

Gold shops generally charge interest at 3% per month, Mr Apiwat said.

Anyone with an ID card or passport, including foreigners, can use the service and borrow up to 500,000 baht.

Most of our customers are Thais. Sometimes we have foreigners, though not a lot. The Patong shop is the most popular with tourists,” she said.

Tourists are more likely to pawn items like watches, sunglasses and cellphones, she added.

The stores are open 8am to 4pm, Monday to Friday. Every second Saturday of the month there is an auction on unredeemed items from 9am to 12pm.

One woman, a housewife who asked not to be named, was full of praise for the pawnshop.

I come here often. Today I put my camera in and I plan to get it back next month,” she said.

The low interest rates offered make the pawnshops very handy when times are tough, she said.

— Kitima Pornmongkhonwat

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Drugs2 hours ago

Police nab 600kg heroin drug bust, year’s biggest in Northeast

Koh Samui6 hours ago

Koh Samui unaccustomed to Covid-19, many act in dismay

Thailand8 hours ago

Bangkok Airways extends flight suspension to August 11

Sponsored2 days ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand8 hours ago

7 Jomtien Beach curfew breakers arrested

Thailand9 hours ago

Buri Ram pig stable converted into gambling den: 22 arrests follow

Thailand10 hours ago

“Fake news” banned, Thai media say order infringes on freedoms

image
Join the conversation on the Thaiger Talk forums today!
Phuket10 hours ago

Precarious Phuket: open internationally, closed domestically

Best of10 hours ago

Top 5 tattoo parlours Bangkok

World11 hours ago

Duterte approves lockdown measures for Manila

Best of11 hours ago

The Best Pizza in Bangkok with Delivery

Thailand11 hours ago

Thailand News Today | worker camp woes, ‘fake news’ crackdown | July 30

Best of11 hours ago

Best Premium Hotel Buffets in Bangkok

Coronavirus (Covid-19)11 hours ago

CCSA considers extending restrictions in “dark red” zones for another 14 days

Thailand12 hours ago

Fake dead bodies used in Phuket protest, police plan real investigation

Best of12 hours ago

Top 5 adventure tours in Chiang Mai

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending